because the car was last renewed only 5 years COE. Any car can
choose to renew 5 yrs or 10 yrs COE. If a car chooses to renewed 5
years,, the car cannot be renewed. It will either be scrapped or
exported. For a 1983 RX7, there is no value for export. Exporters
don't export old cars nowadays, unless they are really classic
cars, like for instance makes like Alfa Romeo, Lambo, Ferr.
etc...
besides, the condition of that red RX7, is really bad. And the
dealer will NEVER tell you about the COE re-newable issue until you
mention about it. sad to say, for $9500, people thinks its cheap.
Its not.
the price is more or less right for $9500>, cause the paper
value is close to $8000 at the moment. But there are many RX7
between yr1981-1983 are renewed 10 yrs COE, and the COE paid for
10yrs is only about $14k+.
This REd RX7 COE 5 yrs paid for was $15k. its very high. which
means if for 10yrs, the COE was about $30k.